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Midday movers: Wynn Resorts, Plug Power, Walt Disney and more

Investing.com -- U.S. were rising, attempting to finish the week on an upswing after a relatively hawkish speech by Fed Chair Jerome Powell.

Here are some of the biggest U.S. stock movers today:

  • Wynn Resorts Limited (NASDAQ:WYNN) shares fell 5.5% despite hospitality workers reaching a tentative labor deal with the casino operator, ending the threat of a strike, as investors fretted over the uneven nature of its recovery in the Macau region.
  • Plug Power (NASDAQ:PLUG) stock plummeted over 44% after the hydrogen fuel-cell firm's third-quarter revenue missed estimates,causing it to pull its 2023 guidance, citing “unprecedented supply challenges.”
  • Walt Disney (NYSE:DIS) stock fell 3.2% after the entertainment giant announced the postponement of the launch dates of several movies, including “Deadpool 3”, due to the recently ended Hollywood strike.

  • Apple (NASDAQ:AAPL) stock rose 1.7% after the iPhone maker agreed to pay $25 million to settle claims by the Justice Department that the company illegally favored immigrant workers for certain jobs.

  • Illumina (NASDAQ:ILMN) stock slumped over 12% after the gene-testing company cut its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services.

  • Groupon Inc (NASDAQ:GRPN) shares fell 37% after the company fell short of revenue expectations and said its co-founder Eric Lefkofsky would be departing the board. The company also plans to raise $100 million.

  • Trade Desk (NASDAQ:TTD) stock slumped over 18% after the advertising software maker disappointed with its revenue guidance for the upcoming quarter, tied to the auto and Hollywood strikes.

--Peter Nurse contributed to this report

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.